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Subscriber OnlyBusinessMike Ashley’s Frasers Group in Talks to Buy DebenhamsA takeover of Debenhams could save thousands of U.K. jobsDebenhams at risk of liquidation if talks don’t lead to dealU.K. Retail Risks Losing 25,000 Debenhams, Arcadia Group JobsByDeirdre Hipwell+FollowDecember 6, 2020, 4:31 PM UTCUpdated onDecember 6, 2020, 11:22 PM UTCSign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterMike Ashley’s Frasers Group Plc is in last-ditch talks to buy the ailing Debenhams department store in a move which could save thousands of jobs.